Houthis claim they have sunk bulker Magic Seas
The 22 crew of the 2016-built, 63,000 dwt Liberian-flag bulker Magic Seas were today reported safely rescued after an attack 51 nautical miles southwest of Al Hudaydah, Yemen, by multiple small vessels
Red Sea
Op-Ed: Navigating opportunities in the 2025 insurance market
By Simon de Burgh Codrington, Managing Director, Risk Strategies The marine insurance industry continues to navigate uncertain waters in 2025. Prices in the global marine cargo market are starting to ease. Importers
Red Sea woes help Maersk achieve third-best financial year
Red Sea woes have had the effect of blotting up container capacity and one of the largest containership operators of all, A.P. Moller – Maersk, reports strong financial results for 2024 with
Houthis release crew of hijacked car carrier Galaxy Leader
Yemen’s Iran-aligned Houthis have released the crew of the Galaxy Leader more than a year after they seized the vessel off the coast of Yemen, Al Arabiya reports the Houthi-controlled Al Masirah
New Ambrey threat circular says Houthi attack risk continues
In a new threat circular, maritime risk consultancy Ambrey notes that, in response to the Israel-Hamas ceasefire, the Houthis have announced a cessation of hostilities toward most shipping However, notes Ambrey, Israel-owned
Ambrey: Sounion salvage successfully completed
U.K.-based maritime risk consultancy Ambrey has confirmed that the salvage of the MT Sounion has been successfully completed. As we reported at the time, the 163,000 dwt Greek-flagged Sounion was set ablaze
CENTCOM forces strike multiple Houthi targets
U.S. Central Command (CENTCOM) reports that U.S. forces conducted multiple precision strikes against Iran-backed Houthi targets in Sana’a and coastal locations within Houthi-controlled territory in Yemen, Dec. 30 and 31. On Dec.
Chevron adds Port Elizabeth to marine lubricants supply network
With no speedy end in sight to the Red Sea crisis, more ships are taking the longer route around the Cape with South African ports seeing an uptick in activity. Against this
Sounion salvage tow gets under way
The Greek-owned tanker Sounion, still on fire since being hit in multiple Houthi attacks more than two weeks ago, is at last under tow. The vessel is laden with 150,000 tonnes of
KAUST orders Saudi Arabia’s first regional class research vessel
KAUST (King Abdullah University of Science and Technology) announced that Freire Shipyards, which has over 100 years of shipbuilding experience, will build its new research vessel, R/V Thuwal II, at its yard